Trusts pose unique problems in dealing with the concepts of trust principal and income, as well as the income tax concept of distributable net income. This session will review the computation of trust accounting income under the provisions of the uniform principal and income act, along with the income tax computation of distributable net income.

Description
Trusts pose unique problems in dealing with the concepts of trust principal and income, as well as the income tax concept of distributable net income. This session will review the computation of trust accounting income under the provisions of the uniform principal and income act, along with the income tax computation of distributable net income.